INSEAD Day 4 - 728x90

Mashreq Q1 profit rises

Total revenue increased 10% year-on-year.

TECOM profit climbs

High occupancy across assets boosts earnings.

Emirates Stallions Q1 revenue up 11%

The rise helped by strong demand in real estate

ADNOC Distribution 2025 dividend $700m

The company had reported EBITDA of $1.17 bn in 2025.

Empower okays $119.1m H2 2025 dividend

The dividend is equivalent to 43.75% of paid-up capital.

Macron calls on EU to ‘defend European interests’ in US tariff talks

French President Emmanuel Macron attends a meeting with New Caledonia's elected officials and state representatives at the Elysee Palace, in Paris on July 12, 2025. AFP
  • US President Donald Trump on Saturday warned that Mexico and the EU would be slapped with 30-percent tariffs starting on August 1
  • Expressing France's "very strong disapproval" of the announcement, Macron called on the bloc to "step up the preparation of credible countermeasures

Paris, FranceFrench President Emmanuel Macron on Saturday condemned US President Donald Trump’s threat to impose 30-percent tariffs on the European Union, calling on the bloc to “resolutely defend European interests”.

US President Donald Trump on Saturday warned that Mexico and the EU would be slapped with 30-percent tariffs starting on August 1, raising the stakes in already tense negotiations with two of the largest US trading partners.

Expressing France’s “very strong disapproval” of the announcement, Macron called on the bloc to “step up the preparation of credible countermeasures by mobilising all instruments at its disposal” if the two sides failed to reach agreement by August 1.

“France fully supports the European Commission in the negotiation that will intensify to reach a mutually acceptable agreement by August 1, so that it reflects the respect that trade partners such as the European Union and the United States owe each other,” he wrote on social media.

Earlier Saturday, European Commission chief Ursula von der Leyen hit out at the new tariffs threatened by Trump, but said the EU still sought a deal to avert the measures.